28 Apr '11, 7pm

BrightSource Energy Readies $250 Million IPO to Expand #Solar Thermal

BrightSource Energy Readies $250 Million IPO to Expand #Solar Thermal

The IPO would be the first for a solar-thermal power systems maker in almost a decade, according to New Energy Finance data. EnviroMission, based in Victoria, Australia, filed for its IPO in August 2001. It has a license to build tower-based solar-thermal power stations, though it hasn't yet erected a utility-scale project. [...] BrightSource promotes solar-thermal as superior to photovoltaic because energy can be stored. That gives the plants a more stable output of power, making them more attractive to grid operators. Both PV and solar-thermal systems like BrightSource's currently produce electricity at a cost of about 17.5 cents a kilowatt hour in ideal environments, without incentives, New Energy Finance estimates, and the cost of solar PV power may decline by about half in the next decade. Electricity from coal costs about 7 cents a kilowatt hour compared with 6 cents...

Full article: http://www.treehugger.com/files/2011/04/brightsource-ener...

Tweets

The Brightsource IPO: By the Numbers | Alternat...

altenergystocks.com 27 Apr '11, 5am

The biggest cleantech news of last week hit the wires late afternoon on Friday: Solar thermal developer BrightSource Energ...

BrightSource Files for $250M IPO: A Closer Look: BrightSource Energy just filed for a $250 million initial pub...

BrightSource Files for $250M IPO: A Closer Look...

greentechmedia.com 25 Apr '11, 1pm

The big question is: Do public markets and institutional investors have the stomach for a low-revenue, non-profitable, cap...

ZipCar Golden IPO's Dark Lining: a $50 Million Blunder by Underwriters

ZipCar Golden IPO's Dark Lining: a $50 Million ...

triplepundit.com 28 Apr '11, 9am

Although IPO pricing is certainly not exact, setting an appropriate price is a huge part of the underwriters’ job. In addi...

Suntrough Goes Small With Solar Thermal in Deve...

greentechmedia.com 03 May '11, 2pm

According to the CEO, "The story is levelized cost of electricity (LCOE), not just price per watt." One of the cost driver...